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Prior to joining Frazier, Mr. Karkenny served as Executive Vice President and Chief Financial Officer at Apria Healthcare, a national healthcare services company with over $2 billion in revenue, 550 locations and 14,000 employees. While at Apria, Mr. Karkenny orchestrated the company’s repositioning through a key $350 million acquisition creating the largest national home infusion company (which was eventually sold to CVS Caremark for approximately $2.1 billion), and developed the infrastructure to support rapid growth and led numerous initiatives to streamline operations and save significant costs. He also led the sale of Apria to The Blackstone Group in a take private transaction. Prior to Apria, Mr. Karkenny served as Senior Vice President of Corporate Development & Finance at PacifiCare Health Systems, a national health plan where he helped engineer its sale in 2005 to UnitedHealth Group in a transaction with an enterprise value of $9.2 billion. Prior to that, Mr. Karkenny held executive leadership positions at Quarterdeck Corporation (QDEK on NASDAQ, which was sold to Symantec), NetCatalyst and ICS.